Exhibit 99.1

Investor Contact: Stewart A. Fisher

EVP and CFO

(610) 409-2225

stewart.fisher@accellent.com

 

For Immediate Release

Accellent Inc. Announces Fourth Quarter 2006 Financial Results

Wilmington, MA. (February 27, 2007) — Accellent Inc. (the “Company”), a wholly owned subsidiary of Accellent Holdings Corp. (“Accellent”), announced results for the three and twelve months ended December 31, 2006.

Historical Financial Results

Fourth Quarter Financial Results

Net sales for the fourth quarter of 2006 decreased 11% to $107.8 million compared with $120.9 million in the corresponding period of 2005.  The net loss for the fourth quarter of 2006 was $(7.7) million compared to a net loss in the corresponding period of 2005 of $(116.7) million.The net loss for the fourth quarter of 2005 includes $126.5 million in one-time charges related to the Kohlberg Kravis Roberts & Co. L.P. (“KKR”) and Bain Capital (“Bain”) acquisition of the Company on November 22, 2005 (the “2005 transaction”).  One-time charges primarily related to the 2005 transaction and incurred during the fourth quarter of 2005 include:  merger related costs of $47.9 million, debt prepayment penalties of $29.9 million, write-off of deferred financing costs of $14.4 million, $2.4 million of bridge loan expenses, stock-based compensation charges of $13.1 million, inventory step-up charges of $10.8 million and in-process R&D write-offs of $8.0 million.  The net loss for the fourth quarter of 2006 includes $1.8 million of primarily non-cash losses due to changes in the fair value of the Company’s interest rate hedging instruments and $1.6 million in restructuring costs, partially offset by $1.2 million in non-cash stock-based compensation credits.

Twelve Months Financial Results

Net sales for the year ended December 31, 2006 increased 3% to $474.1 million compared with $461.1 million in the corresponding period of 2005.  The net loss for the 2006 year was $(18.6) million compared to a net loss in the corresponding period of 2005 of $(104.8) million.  The net loss for the year ended December 31, 2005 includes the one-time charges referenced above relating to the 2005 transaction.  The net loss for the year ended December 31, 2006 includes inventory step up charges of $6.4 million, restructuring charges of $5.0 million and $1.1 million of non-cash stock-based compensation charges.

1



The following information was filed by Accellent Inc on Tuesday, February 27, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Accellent Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Accellent Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account